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In the context of programming, the `mmread` function is a commonly used tool in MATLAB. This function is utilized for reading matrix market files, which are a specific type of file format used to represent matrices. When working with large datasets, the `mmread` function can play a crucial role in streamlining the reading and processing of these files. Additionally, it can be used in conjunction with other MATLAB functions and tools to analyze and manipulate the data contained within the matrix market files. Overall, the `mmread` function is an important tool in the MATLAB programmer's toolkit and can greatly improve the efficiency and effectiveness of data processing tasks.